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Sorry, the people who came up with the concept are not grifters. The folks who own AI companies claiming to be afraid of the “very imminent” singularity are the grifters, I highly doubt they truly believe that. And they have profited from this AI hype.

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Some of the owners, sure.

Musk can't have it both ways, "AI is summoning the demon, and also I own a humanoid robot factory, AI for autonomous cars, and am training my own LLM now that a company I part funded then stopped supporting made a famous one before I did".

But there's still a lot of alignment research going on, to make sure we can even tell if the AI we have now has the equivalent of an evil bit (which they definitely observably and reproducible demonstrate having) that is set to "evil".

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